U.K. Consumer Confidence Hits a Four-Year Low
- GfK index slides as consumers turn cautious on big purchases
- There’s ‘every likelihood’ sentiment will fall further in 2018
A shopper carries bags while walking along on Oxford Street in central London, on Nov. 7.
Photographer: Luke MacGregor/BloombergThis article is for subscribers only.
U.K. consumer confidence slipped to a four-year low in December and risks weakening further in 2018, according to a report Thursday.
GfK said its key index fell by one point to minus 13, the lowest since December 2013 and below the level reached in the aftermath of the Brexit vote last year. Households declared themselves deeply pessimistic about the economic situation and less willing to make major purchases than at any time since 2014.